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Saturday, November 26, 2022

BREAKING: 2016 Budget Documents Missing From National Assembly

The hard and soft copies of the 2016 budget documents presented to the National Assembly on December 22 by President Muhammadu Buhari have reportedly...

Former PDP Chairman, Haliru Bello, Son Get N600 Million Bail

A Federal High Court in Abuja on Thursday granted bail to the former Chairman of the Peoples Democratic Party, Haliru Bello,  and his son,...

BREAKING! Again, High Court Orders DSS To Allow Dasuki Travel Abroad for Treatment

A Federal High Court in Abuja, on Friday,November 11, has ordered the Department of State Services (DSS), to allow former National Security Adviser (NSA),...

Supreme Court Halts Saraki’s Trial at Code of Conduct Tribunal

After several legal efforts, Nigeria’s apex court, the Supreme Court, has halted the trial of Senate President Bukola Saraki, at the Code of Conduct Tribunal...

SA Firm, Nampak, To Set Up Glass-Bottle Plants in Nigeria

South Africa’s Nampak Ltd. has agreed with partners to build glass-bottle manufacturing plants in Nigeria and Ethiopia to take advantage of growing demand for...

BREAKING: MPC Keeps Interest Rate at 13%, Cuts CRR

The central bank's Monetary Policy Committee has agreed to keep the interest rate unchanged at a record high, as calls continue for a devaluation...

Diageo Plans $200 Million Increase in Guinness Nigeria Stake

World's biggest distiller, Diageo, is considering increasing its majority stake in Guinness Nigeria Plc to 70%, in a deal that could cost more than $200 million. Guinness...

Dangote Cement to Boost Output by 25 Million Tons with New Chinese Contracts

Dangote Cement Plc, Africa’s biggest producer, plans to add 25 million metric tons of capacity across 11 countries after agreeing to contracts with Chinese...

Nigerian Stocks Fall to Six-Month Low on Oil Price Slump

Nigerian stocks fell to their lowest level in six months to trade near a bear market on concern that oil prices near a six-year...

Nigeria to Produce 1.5m Tonnes of Wheat by 2017 Ahead of Import Cuts

Nigeria's Lake Chad Research Institute has disclosed plans to boost its wheat output and cut imports by half by 2017 as farmers ramp up...

MTN is Finding it Difficult to Repay its Loans to Nigerian Banks over Dollar Shortage

Telecommunications giant, MTN Group Ltd., may be having some difficulty repaying about $500 million of debt held in Nigeria, after it said that it...

Nigeria to Boost Power Generation with World Bank’s $237 Million Debt Financing Agreement

Nigeria moved closer to finishing a plant expected to boost the country’s power generation by almost 10 percent when it signed a financing agreement...

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